No–one likes to pay too much for something. We all like to thing that what we buy is ′ good value′. It′s not different when we purchase a share in company listed on the stock market.

In the Concise Guide to Value Investing, Brian McNiven reveals how to calculate the true value of a company to find out whether you are paying a fair price. This fascinating book explores:

value investing versus speculation

the difference between price and value

variable values of a dollar of earnings

accounting misrepresentation

the characteristics of a wonderful business

the StockVal® valuation formula.

Two of the world′s most successful investors, Warren Buffett and Charlie Munger, are self–confessed value investors. McNiven often draws on their wisdom to support his approach to value investing,which he defines as buying a share at a price lower than its calculated value. Only investors who have the ability to calculate value can call themselves ′value investors′.